Indiabulls had been one of the country's biggest realty groups headed by Sameer Gehlaut, brother Nagendra and father Balwan Singh. The corporation had made headlines in June 2014 when it bought a 87444-sq ft property for GBP 155 million at Hanover Square in London.

Every little bit of help counts when it comes to real estate deals, considering that the housing crisis is now in full swing along with the earnest possibility of a generation unable to purchase their own homes and stuck renting instead.

London, already regarded as one of the highest priced cities in Europe, is also the second most costly city throughout the world in terms of property construction, according to a list from a leading global design and consultancy business.